SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-QSB/A [X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 1996 [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from to Commission file number 1-6762 KILLEARN PROPERTIES, INC. (Exact name of small business issuer as specified in its charter ) Florida 59-1095497 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 100 Eagle's Landing Way Stockbridge, GA 30281 (Address of principal executive offices) Issuer's telephone number (770)389-2020 Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] State the number of shares outstanding of each of the issuer's classes of common equity, as of the last practicable date: 1,438,733. Transitional Small Business Disclosure Format: No [X]. Page One of Four Exhibit Index on Page Three ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K (a) Exhibits The following exhibits are being filed with this report: Exhibit No. Description ----------- ----------- 16 Letter on change in certifying accountant 27 Financial Data Schedule (b) Reports on Form 8-K None SIGNATURES In accordance with the requirements of the Exchange Act, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. KILLEARN PROPERTIES, INC. (Registrant) Date: March 27, 1996 ______________________________ J. T. Williams, Jr. President Date: March 27, 1996 ______________________________ David K. Williams Chief Financial Officer Page Two of Four EXHIBIT INDEX Exhibit No. Description Page No. ----------- ----------- -------- 16 Letter on change in certifying accountant 4 Page Three of Four Exhibit 16 March 19, 1996 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Gentlemen, We have been furnished with a copy of Part 2, Item 5 of the 10QSB for the quarter ended January 31, 1996 filed by our former client, Killearn Properties, Inc. We agree with the statements made insofar as they relate to our firm. Very truly yours, BDO Seidman, LLP [Received by the registrant on March 26, 1996] Page Four of Four